This EV Stock Is Trading at ‘Significant Premium,’ Delano Saporu Says

This EV Stock Is Trading at ‘Significant Premium,’ Delano Saporu Says
The Tesla logo is shown on the front of a new Tesla Model S car at a Tesla showroom in Palo Alto, Calif., on Nov. 5, 2013. Justin Sullivan/Getty Images
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On CNBC’s “Trading Nation,” Delano Saporu of New Street Advisors Group said although shares of companies, including Tesla, Inc., NVIDIA Corporation and Microsoft Corporation will continue moving higher in the long term, investors should look for better prices to buy these shares.

He noted that shares of Tesla have jumped around 30 percent in the previous month, but there was a slight pullback in the stock recently. However, Tesla stock is still trading at a “significant premium” to other automakers.